Putin offers $1B in frozen assets for Gaza Board of Peace — will US unfreeze them?
It remains unclear how such an arrangement could be implemented, since any contribution from frozen assets would require formal unblocking by the US government.
Russian President Vladimir Putin told his Palestinian counterpart, Mahmoud Abbas, in Moscow Thursday that Russia is prepared to allocate $1 billion from its assets frozen in the United States to the Trump-led Board of Peace.
A press release on Thursday from the Kremlin quoted the Russian leader as saying, “We are willing to provide $1 billion to this new body, the Board of Peace, primarily to support the Palestinian people, assist in the restoration of the Gaza Strip and address the general resolution of problems facing Palestine.” He said the funds would be drawn from frozen Russian assets.
Abbas is visiting Moscow for the second time in less than a year, having last traveled to the Russian capital in May 2025. He does not sit on the Board of Peace, nor do any Palestinian representatives.
In October, Putin expressed support for the Trump administration’s Gaza ceasefire plan while also suggesting it would be preferable for the Palestinian Authority, led by Abbas, to assume control over Gaza.
